2 October 2017, Kuala Lumpur – The Malaysian Investment Development Authority (MIDA) and the Malaysian Service Providers Confederation (MSPC) co-organised the first ever symposium on Digital Trade at the Asia-Pacific level, with the theme ‘The Future is Digital’. The two day event, held in conjunction with the Asia-Pacific Services Coalition’s (APSC) 3
General Meeting and the inaugural Council Meeting of the ASEAN Services Providers Confederation (ASPC), was officiated by YBhg. Datuk Seri J. Jayasiri, Secretary General of Ministry of International Trade & Industry (MITI) on behalf of YB Dato’ Sri Mustapa Mohamed, MITI Minister.
“MSPC and ASPC are our partners in realising MITI’s vision to make Malaysia the services export hub in the region. This will also benefit our counterparts in ASEAN as Malaysia seeks to move forward together with our regional partners, particularly in embracing the digital transformation happening today. Businesses must not just talk about this but must act on the needs for this transformation, to address the challenges and opportunities of embracing Industry 4.0 in the region, and to come up with concrete action plans, or risk being left behind,” said the MITI Secretary General.
“In the goal of developing a digital economy for Malaysia, business leaders have a strong role to play as they will be the direct beneficiaries of the digital transformation happening in the country. Companies need to be mindful not to rely solely on the facilities provided by the Government but to also come up with innovative solutions in embarking on this journey. The Government seeks to work hand-in-hand with businesses towards making effective and relevant policies in charting the way forward,” added Datuk Seri J. Jayasiri
Digital economy contribution to Malaysia’s gross domestic product now is 17% and its contribution to the economy is envisaged to surpass 20% by 2020, slightly more than 2 years from now.
“Many Malaysian entrepreneurs have adopted digital technology in carrying out their operations. Most of them are involved in internet marketing, digital cross border trade and e-logistics. We need to look at technology, not as a competitor for our jobs but our partner in creating quality jobs. We owe it to ourselves to use it to our advantage or risk allowing our competitors use it to our disadvantage. This is why the government is prioritising innovation and encouraging the adoption of Industry 4.0 elements in not just the manufacturing sector but the services as well, to build greater economies of scale,” highlighted the MITI Secretary General.
Being a MITI initiative, the two day symposium was also a collaboration with the Malaysia External Trade Development Corporation (MATRADE) and SME Corporation Malaysia (SME Corp), as well as Malaysia Digital Economy Corporation (MDEC). The MSPC SME Iconic Recognition Night was also held on the same day to recognise the important roles played by local SMEs in nation building, particularly in the services sector.
For more information, please contact:
Ms Lim Bee Vian
Tel: 03-2267 6677
Tel: 03-5882 6968
MIDA is the government's principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 23 overseas offices. This year as the organisation celebrates its 50th anniversary, MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit http://www.mida.gov.my
The Malaysian Service Providers Confederation (MSPC) was launched by YB Dato’ Sri Mustapa Mohamed, Minister of MITI in June 2009 to unify the services sector in Malaysia as a vehicle to encourage growth in services export, in line with MITI’s vision to position the services sector as the main engine of growth in the country’s economy. MSPC consist ofprofessionals and practitioners, or individual service provider of Malaysian-registered companies and is wholly responsible for the formulation of common strategies, networking at national, regional and international levels for the Malaysian services industry. For more information, please visit http://www.mspc.my/
The ASEAN Service Providers Confederation (ASPC) was founded in September 2015. It was a brainchild of the MSPC and supported by the Ministry of International Trade and Industry (MITI), Malaysia. Similar to the Coalition of Services Industries (CSI) in the developed countries, ASPC is an umbrella organisation for ASEAN Service Providers. It is a Coalition of ASEAN Service Providers contributing to the success of the ASEAN Economic Community (AEC). For more information, please visit: http://aspc.my/home#about
The Asia-Pacific Services Coalition (APSC) is a group of major business associations from the Asia-Pacific region that are dedicated to promoting the importance of the services sector. The collective goal is to work with businesses and governments to foster growth and efficiency in the services sectors through increased trade and investment, greater innovation and skills development, and pro-growth regulation in all Asia-Pacific Economic Cooperation (APEC) economies. APSC was formed at the sidelines of the APEC Structural Reform Ministerial Meeting (SRMM) on 7 September 2015 in Cebu. Malaysia’s participation in the APSC is represented by MSPC. For more information, please visit https://servicescoalition.org/about-csi/asia-pacific-services-coalition